ExtremeDullard comments on Tesla investors furious at stock’s plunge turn tables on CEO Elon Musk

[–] ExtremeDullard@lemmy.sdf.org 0 points 1 year ago (1 child)

Shares on Thursday dipped for the sixth straight session, falling 1.4% as of press time to once again underperform the Nasdaq tech index.

I hardly call -1.4% a plunge. It's not even remotely as much as I hoped in fact. But it's a good start.

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[–] KingGordon@lemmy.world 0 points 1 year ago (1 child)

The 3 month stock chart is in fact a plunge.

https://www.marketwatch.com/investing/stock/tsla

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[–] ExtremeDullard@lemmy.sdf.org 0 points 1 year ago

When you compare what's comparable, it would be just before Trump was elected, when reason still prevailed among investors presumably, and now that reason has returned.

TSLA was at $250 on Nov 5. Then it went crazy up because stupid investors believed they were gonna profit massively from their South African racehorse's privileged position, then it went back down because of Nazi salutes and unpopular wanton destruction of the country by said racehorse.

But it's still $275 at the moment. So basically it's back to normal more or less. When it drops below $200 - which I have no doubt it will at some point - then it will be a plunge. Right now it's just a reality check.

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